USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD is still trading close to the resistance level and forming Hanging Man and Shooting Star reversal patterns. Judging by the previous movements, it may be assumed that right now the instrument may form one more correction and then resume its descending movement.
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD is trading close to the support level and forming Inverted Hammer, Engulfing, Doji, and Harami reversal patterns;. Judging by the previous movements, it may be assumed that after finishing another correction the instrument may start a new growth.
